Collaboration caused consensus, compromise, complacency, CBA boss Matt Comyn tells Royal Commission

Commonwealth Bank chief executive Matt Comyn has conceded that internal policies to promote greater collaboration resulted in consensus that contributed to misconduct or poor ethical behaviour. 

Mr Comyn is the first major bank boss grilled at the financial services Royal Commission this morning where senior counsel assisting Rowena Orr QC insisted the time for apologies is over.

 ABC's Peter Ryan is covering the Royal Commission.